"Understanding NFT Derivatives" by Chidi favour Chinweotuto

They are based on digital assets

They are not subject to market volatility

They are not traded on exchanges

They are not legally binding

They provide liquidity to digital artists

They protect against copyright infringement

They facilitate cross-border transactions

They enable fractional ownership of digital art

A digital representation of a physical asset

A token that represents ownership of an NFT

A unique digital artwork

A financial contract based on the value of an NFT